There are some new tax laws in effect and others that are sunsetting, making our 2023 taxes look a bit different.
Inflation Reduction Act Updates

45L Energy-Efficient Home Tax CreditThe revisions to this tax credi...

I'm new to real estate investing as well as BP and have been putting in a lot of effort in reading material, watching videos, attending REI groups on real estate investing as me and my partner develop our business. I ...

Good afternoon BP,As we all know when taking on properties to invest in sometimes we come across some unforeseen costs that become apparent during the rehab process. No matter how much due diligence you do prior to pu...

John Holdman just got through saying that there are many lesons to learn in real estate. Well, I got a $300 lesson today. (ouch)

I had the heat repair guy out today because one the the heat pumps wasn't doing a good ...

Hello everyone. I hope everyone is well. So I'm back trying to educate myself how to run comps again. I downloaded and read J. Scott's guide and am trying to follow it to a Tee. One thing that really helps out is that...

Does anyone have any resources that can be used to access values for adjustments to be made when making appraisals in different areas.I know that a pool or an extra bedroom in San Diego, California will merit a differ...

Hello, it's great to be here!
I don't know how disrespectful or common this strategy is, but I feel like this is a really easy way to "get my reps in" as told in the podcasts.

The idea, obviously, is analyze these...

I just bought an old (100+ yr old) 6-unit building with a single hot water boiler on a single thermostat.  The heat works fine and the annual utility costs are reasonable, but there is no zoning and no good way to zon...

Negative equity mortgage. One of my close friends has a negative equity mortgage for a property in Florida. The mortgage has passed through several lenders and is now with Shell point mortgage, the homeowner wants to ...

It appears that the 2 out of 5 year rule excluding gain on sale of primary residence will remain intact. Some of you may have heard that initially the plan was to change the rule to where the taxpayer had to own and u...